Barclays Issues Pessimistic Forecast for Brookdale Senior Living (NYSE:BKD) Stock Price

Brookdale Senior Living (NYSE:BKD) had its price objective reduced by equities researchers at Barclays from $17.00 to $14.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 57.04% from the stock’s current price.

Several other analysts have also recently commented on BKD. Weiss Ratings restated a “sell (d-)” rating on shares of Brookdale Senior Living in a research report on Monday, August 24th. Zacks Research upgraded Brookdale Senior Living from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, Stephens reduced their target price on Brookdale Senior Living from $17.00 to $12.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

Brookdale Senior Living Stock Down 4.2%

Shares of NYSE BKD opened at $8.91 on Tuesday. Brookdale Senior Living has a 52 week low of $8.85 and a 52 week high of $17.09. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -56.03, a price-to-earnings-growth ratio of 5.39 and a beta of 0.55. The firm has a 50-day moving average price of $10.85 and a 200 day moving average price of $13.25.

Brookdale Senior Living (NYSE:BKD) last released its earnings results on Friday, November 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Brookdale Senior Living had a negative net margin of 4.53% and a negative return on equity of 15,050.32%. The business had revenue of $712.07 million during the quarter, compared to analyst estimates of $721.26 million. Equities research analysts expect that Brookdale Senior Living will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKD. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Brookdale Senior Living by 2.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 200,441 shares of the company’s stock worth $2,171,000 after purchasing an additional 4,210 shares during the period. Gagnon Advisors LLC bought a new stake in shares of Brookdale Senior Living in the third quarter worth approximately $3,989,000. Gagnon Securities LLC bought a new stake in shares of Brookdale Senior Living during the 3rd quarter valued at $8,005,000. Calamos Advisors LLC purchased a new position in shares of Brookdale Senior Living during the 3rd quarter valued at $110,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Brookdale Senior Living by 86.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 255,285 shares of the company’s stock worth $2,765,000 after purchasing an additional 118,700 shares in the last quarter.

About Brookdale Senior Living

Brookdale Senior Living Inc operates senior living communities in the United States, serving older adults with a range of housing and care options. Its offerings include independent living, assisted living and memory care, with services tailored to residents’ needs and levels of independence.

Community services may include meals, housekeeping, transportation, wellness programs and social activities, alongside personal assistance and specialized support for residents with memory-related conditions.